If Prices in a Particular Market Fully Reflect All Public

question 25

Multiple Choice

If prices in a particular market fully reflect all public and private knowledge, the market is efficient in the:

• A) weak form
• B) semi-strong form
• C) strong form
• D) both a and b

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Definitions:

Local Government Revenue

The funds collected by municipalities and local authorities through various means such as taxes, fees, and grants, which are used to finance public services and infrastructure.

Expenditures

The act of spending funds or using resources to acquire goods and services.

State

A political entity with defined territorial boundaries, governance structures, and sovereignty over internal and external affairs.

Local Governments

Administrative bodies governing smaller geographic areas within a country, responsible for local policies and regulations.